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this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that invitation to boehner on friday. >> there are 22 days left till the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >>> the colorado doctor kidnapped in afghanistan is safe this morning after a daring rescue mission by a team of navy s.e.a.l.s. >> the key to these things is surprise, speed and action. you get in there before they know you're coming. you're to the door before they know what's going on. >>> the upper midwest is digging out from its first major snowstorm. >> minnesota bore the brunt of this weather, some spots getting 16 inches of snow. >>
this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that...
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Dec 6, 2012
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cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids
cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know,...
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Dec 12, 2012
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will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover of sfg alternatives joins us now for an early look at the market. good morning to you. an
will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben...
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stuart: are we going to get a fiscal cliff avoid dan deal? >> we may get some form of a deal. we are not going to get a real deal. i think the economy is going to be hurt and i think both sides, especially the president deserve blame. stuart: who will get the blame? >> the republicans clearly are going to get the blame and hurting themselves. stuart: but we may go into a much slower economy and hurts the president. >> bad news for the president and even worse news for the the american people. stuart: i agree with that. all right, doug, not bad the at all. >> still a democrat. stuart: is that a tag line to every interview? >> it may well be. doug, thanks very much indeed. >> the so the president has made it very, very clear, drawn a line, no fiscal cliff deal without higher tax rates for the highest earningers, tax rates have got to go up. question, what will speaker boehner have to say about that? his reaction will be new at ten this morning. mark stein is going to be here as well and he'll join us to explore that and more. we have an oil and mining deal to tell, but. freeport
stuart: are we going to get a fiscal cliff avoid dan deal? >> we may get some form of a deal. we are not going to get a real deal. i think the economy is going to be hurt and i think both sides, especially the president deserve blame. stuart: who will get the blame? >> the republicans clearly are going to get the blame and hurting themselves. stuart: but we may go into a much slower economy and hurts the president. >> bad news for the president and even worse news for the the...
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Dec 10, 2012
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so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out indicating who would get the blame if you do go over the cliff. squarely against the republicans. they would more likely get the blame. that's what you heard as bob pointed out from senator durbin as well, that they would own the recession that would follow. >> i don't know how that ends up playing out. but i think when you talk about the feeling at the white house, there's a palpable difference now compared to 2011, the summer of 2011. they are so much cockier right now at the white house than they were a year and a half ago when they were doing this. they really believe they have set out, we're not going to n
so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out...
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on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that it is important to address entitlement reform, something they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox n
on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been...
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Dec 7, 2012
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how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million going after republicans who they thought weren't conservative enough in the last election. listen to what they have to say about john boehner now. >> when he couples this conservative purging with a negotiated tax increase of $800 billion we are starting to see more and more signs that he's not dedicated to fiscally conservative beliefs. >> reporter: mr. roth said if he doesn't watch it he can lose his speakership and there are others in the city talking about what they can do to reign in the g.o.p. leadership as a group from raising taxes after republicans spent the last year on t
how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million...
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and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just saw it, i got involved in not a fiscal thing but it had to do with a u.n. treaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention.
and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to...
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i do think getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we have reached a crisis point in our country there's been an institutional response to it. we created a central bank. that has proved to be enormous for the past five years and important for years before that. post-world war ii, we create a system and the department of homeland security. i wonder if there's not an institutional -- >> some did not work as well as others. >> that is exactly right. it reflects our values and the focus of the government. we should have a department of homeland prosperity. we need somebody other than the president to think about american competitiveness. something we've taken for gra
i do think getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we...
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what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these fiscal cliff negotiations. different than a year and a half ago when the president dealt only with republicans in congress. this time he is taking the case to americans and getting outside of washington, d.c. congressional republicans not so happy that the president is doing this. >> we understand that. paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good id
what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these...
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Dec 8, 2012
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but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i think that's helpful. >> the president has the upper hand on the politics right now. i mean, there are more people who make less than there are in the top 1%, top 5% or whatever. but will it create jobs? and while the president has spent most of this negotiation process talking about taxes, he hasn't talked about cuts as much as we want to see. >> joining me now, congressional reporter for roll call meredith shiner and washington bureau chief for "usa today" susan page. susan, you heard congressman cummings there say he now gives the deal a 70% chance of happening as opposed to a few days ago when it
but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i...
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interestingly folks that are paying more attention to the fiscal cliff story are more pessimistic. it's the folks paying less attention that are more optimistic. judging by what we're hearing from negotiators, the public clearly knows something is up in the bad way. >> i remain the most optimistic person in this town but we've got some serious differences. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more person jobs are placed in jeopardy. >> the white house in turn insists its republicans are being inflexible. >> i don't believe that we've heard anything from the leadership that suggests they have moved off their position. they have refused to accept the fundamental fact that hiring -- the top 2% of earners in america are not going to have their tax cuts extended. >> the two sides have been swapping proposals this week but insiders say they didn't view the last white house plan as a serious counteroffer so they resent their original proposal to the president. the problem isn't just there's a big gulf between the tw
interestingly folks that are paying more attention to the fiscal cliff story are more pessimistic. it's the folks paying less attention that are more optimistic. judging by what we're hearing from negotiators, the public clearly knows something is up in the bad way. >> i remain the most optimistic person in this town but we've got some serious differences. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more person jobs are...
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what do you think should be hopping here to get a deal to avoid the fiscal cliff happening? >> i have no doubt that people are working hard to get a deal. we have the president re-elected and have a new congress, think it's right they get down to the business of sorting this out. i think america's got to think that what it needs to do is get growth in its economy, as well. and it needs to get growth by trade and exporting. and i think what we're missing at the moment is a global agreement whereby the big powers try to work on the economy. you have to have fiscal problems and you also have to have growth. that's the key for the future. there's a global deal waiting to be done, with china, europe, india also involved in this, and of course, america itself, where we could build the confidence that's necessary to get high levels of growth around the world. >> finally, gordon brown, i couldn't let you go without asking your view of the single biggest news story to hit the planet in the last week. it is, of course, the royal baby. >> it's incredibly important that we give them the
what do you think should be hopping here to get a deal to avoid the fiscal cliff happening? >> i have no doubt that people are working hard to get a deal. we have the president re-elected and have a new congress, think it's right they get down to the business of sorting this out. i think america's got to think that what it needs to do is get growth in its economy, as well. and it needs to get growth by trade and exporting. and i think what we're missing at the moment is a global agreement...
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are tea party lawmakers now ready to deal and avoid the fiscal cliff? capella university understands rough economic times have led to an increase in clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> tea party perhaps isn't what it used to be. here is cnn's jim acosta. >> reporter: for the tea party, change is brewing on capitol hill. florida republican alan west, who rode the tea party wave into congress two years ago, only to be swept out in november, has already lost his office, which is being prepped by painters for its new oc
are tea party lawmakers now ready to deal and avoid the fiscal cliff? capella university understands rough economic times have led to an increase in clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others....
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cliff deal. roland's right. democrats won the election. they're sitting in the catbird seat. they don't want to include spending cuts and president obama doesn't think he needs to. if we go over the cliff other polls suggest republicans will get the blame. they have most of the leverage, therefore we don't get to a compromise or a deal. one calf national, republicans recognized this lack of leverage. they looked into 2013 and see a couple months in we have a debt ceiling deal. if we don't do a compromise now we're going to hold you during that debt ceiling debate and get spending cuts out of you then and president obama does not want to relive that 2011 catastrophe, chaos. >> roland, before you go, i didn't hear anything, it was all, it sounded like charlie brown to me after i heard you say roland's right. i don't know if i've ever heard you utter those words, will cain. >> actually he often says that. this is not a shocker. it's not breaking news and exclusive. it happens a lot. >> it's a just i
cliff deal. roland's right. democrats won the election. they're sitting in the catbird seat. they don't want to include spending cuts and president obama doesn't think he needs to. if we go over the cliff other polls suggest republicans will get the blame. they have most of the leverage, therefore we don't get to a compromise or a deal. one calf national, republicans recognized this lack of leverage. they looked into 2013 and see a couple months in we have a debt ceiling deal. if we don't do a...
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at the end of the year for many of the folks, if no deal is reached over the fiscal cliff. cnn has the details. >> reporter: liz does not call it a fiscal cliff. she could be facing at year's end is a financial free-fall. >> i just don't wish i was in this situation but it is what it is. and i could just do what i can. >> reporter: she lost her job as a new home sales manager last january. annan old laptop with a broken cord, she applies for job after job, keeping track in a notebook. averaging 15 applications a day, at age 54, this is the first time she's ever been on unemployment. she's emptied out her 401(k), savings and the last resort, emergency federal jobless program kept her in her town home giving her $454 a week. december 29th, unless congress and the white house act the money stops. >> we're not trying to live off the system. we're trying to survive. it's not a luxury to be on unemployment. it's a means to keep us going. >> reporter: the fear of the fiscal cliff isn't just cheer in the suburban neighborhood. in the states with the highest unemployment from the we
at the end of the year for many of the folks, if no deal is reached over the fiscal cliff. cnn has the details. >> reporter: liz does not call it a fiscal cliff. she could be facing at year's end is a financial free-fall. >> i just don't wish i was in this situation but it is what it is. and i could just do what i can. >> reporter: she lost her job as a new home sales manager last january. annan old laptop with a broken cord, she applies for job after job, keeping track in a...
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and that leads you back to the negotiations over the fiscal cliff. and i think this raises the pressure to get a deal done. that's important. and the part of the deal that is actually not being talked about, but which will be central, is the spending side. the sequester is a very bad policy. both sides agree it needs to go away. they have to figure out how. and the tax side has to be matched by entitlent reforms, and you can pick 37 if you have the right entitlement reforms, but only 36 if you have less and you could get 38 if you have more. there's a lot of work left to be done. >> let's talk about that, robert. on the spending side. do you think that there's any way the democrats get out of this over the next 18 or 24 months without really addressing spending and probably annoying a lot of their base in the process? >> well, the president has already put a lot of spending cuts on the table. let me partially agree with doug. the employment report today was, although it looked pretty encouraging if you look at the numbers underneath the numbers, it w
and that leads you back to the negotiations over the fiscal cliff. and i think this raises the pressure to get a deal done. that's important. and the part of the deal that is actually not being talked about, but which will be central, is the spending side. the sequester is a very bad policy. both sides agree it needs to go away. they have to figure out how. and the tax side has to be matched by entitlent reforms, and you can pick 37 if you have the right entitlement reforms, but only 36 if you...
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cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm very curious to see what his next step is because his opening offer was essentially where he said he could only go in the debt ceiling bargains of july 2011. he said i can go to $800 billion in revenue, i can do these specific entitlement reforms. that's now his opening offer. where does he go here? >> i think, though, steve that the president of the united states and mr. lew and other democrats need to start looking at him differently. he is like an attorney that knows what his client is going to give and what his client's not going to give. we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is
cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm very curious to see what his next step is because his opening offer was essentially where he said he could only go in the debt ceiling bargains of july 2011. he said i can go to $800 billion in revenue, i can do these specific entitlement reforms. that's now his opening offer. where does he go here? >> i think, though, steve that the president of the united...
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john boehner says he's still hopeful a fiscal cliff deal will happen, but he and other top republicans today plan the husband's latest proposal. >> the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> simultaneous tax hikes and spending cuts could happen at the start of the year if a deal isn't reached. nelson mandela is responding to treatment for a lung infection. that is according to statements from south african president zuma. he was rushed to the hospital over the weekend, 94 years old. >>> hugo chavez's six-hour surgery was apparently a success. chavez announced saturday his cancer has returned but he has never said what type of cancer he has. >>> near portland, oregon, police say this shopping mall was bustling with 10,000 people when a mass gunman believed to be in his 20s opened fire. witnesses say he fired at random, killing two people and leaving a third victim, quote, fighting for her life. shotgun blasts he cechoed throu the mall and sent them running for cover. >> i wa
john boehner says he's still hopeful a fiscal cliff deal will happen, but he and other top republicans today plan the husband's latest proposal. >> the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> simultaneous tax hikes and spending cuts could happen at the start of the year if a deal isn't reached. nelson mandela is responding to treatment for a lung infection. that is...
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. >> bill: the whole idea was we're about to go over the fiscal cliff. congress has to come back and resolve it. they come back after thanksgiving. you know, last week, a couple of days not much happened. monday, there were no votes at all. yesterday, maybe tuesday, there was maybe one. yesterday and everybody flew the coop. my friends from california, left town. what's going on? >> it is really kind of ridiculous. especially given where we are and given the critical time, you know, that americans across the country know that we face. and the house -- the republicans yesterday shut down shop at 1:00 p.m. >> bill: 1:00 p.m. but then eric cantor says well, we're not going to recess. we're not going to adjourn until we get a real deal to avoid going off the cliff. what do you anticipate? you're going to be here until december 26th? or do you think -- do you think we're going to work this out? >> i think that we can work it out. i think what we heard from tom coburn yesterday actually suggests that. what we heard from tom cole previously from oklahoma sugges
. >> bill: the whole idea was we're about to go over the fiscal cliff. congress has to come back and resolve it. they come back after thanksgiving. you know, last week, a couple of days not much happened. monday, there were no votes at all. yesterday, maybe tuesday, there was maybe one. yesterday and everybody flew the coop. my friends from california, left town. what's going on? >> it is really kind of ridiculous. especially given where we are and given the critical time, you know,...
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cliff deal, but he may also weigh in on dan's just-passed right to work law and the big changes in store for a state considered the birthplace of organized labor. tomorrow the governor is expected to sign into law legislation that will bar unions from taking mandatory dues out of workers' paychecks, and many are asking how we got to this point in michigan of all states. joining me now, bernard whitman, former pollster for bill clinton and author of "52 reasons to vote for obama," or why people should be glad they voted for obama i guess after the fact, bernard, and also gretchen ham hamil. panel, welcome to you both. this is something. we've seen these right-to-work states becoming more and more popular, almost half the states in the night that are going right to work, but, gretchen, let me "street smart" with you on this -- start with you on this as a republican. >> well, you have to look at the past two years in michigan, some of the highest unemployment rates over the past two years reaching nearly 15% and currently 9.2%. so you see a state there that has an economy that is struggling
cliff deal, but he may also weigh in on dan's just-passed right to work law and the big changes in store for a state considered the birthplace of organized labor. tomorrow the governor is expected to sign into law legislation that will bar unions from taking mandatory dues out of workers' paychecks, and many are asking how we got to this point in michigan of all states. joining me now, bernard whitman, former pollster for bill clinton and author of "52 reasons to vote for obama," or...
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on the fiscal cliff. the house majority and minority leaders issued a clear message today and yesterday don't book your plane tickets. >> we don't know if we would be home for the rest of hanukkah or christmas. let's really get real about this if we're going to have a solution, and let's stay here and sit at that table. >> we've said we're committed to staying here. we're going to stay here right up until christmas eve throughout the time and period before the new year. >> there are no talks scheduled today between the president and house speaker boehner. meanwhile, fed chairman ben bernanke, the man who coined the term fiscal cliff, urgently warned that just approaching the edge is causing damage. >> why is it that consumer confidence dropped so sharply this week? why is it that small business confidence dropped so sharply? why are the markets volatile, even though we're not yet even reached the point of the fiscal cliff potentially kicking in? it's already affecting business investment and hiring decisi
on the fiscal cliff. the house majority and minority leaders issued a clear message today and yesterday don't book your plane tickets. >> we don't know if we would be home for the rest of hanukkah or christmas. let's really get real about this if we're going to have a solution, and let's stay here and sit at that table. >> we've said we're committed to staying here. we're going to stay here right up until christmas eve throughout the time and period before the new year. >>...
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> reporter: as the deadline to reach a deal to avert the fiscal cliff draws ever closer, republicans say the real issue is spending cuts. >> listen, republicans want to solve this problem by getting the spending line down. the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> reporter: a claim the white house denies, spokesman jay carney. >> let's just be clear. there is one party to these negotiations who has put forward a specific proposal for revenue and a specific proposal for spending cuts. even when the republicans-- and i saw speaker boehner do this earlier today-- insist that the president hasn't put forward spending cuts, one, it begs the question, what spending cuts have the republicans put forward? >> reporter: the president was asked if he was optimistic about reaching a deal. >> still a work in progress. >> reporter: but senate majority leader harry reid said republicans in congress should yield to public opinion about tax increases. >> speaker boehner knows or should know that the middle- class tax help that we have to
> reporter: as the deadline to reach a deal to avert the fiscal cliff draws ever closer, republicans say the real issue is spending cuts. >> listen, republicans want to solve this problem by getting the spending line down. the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> reporter: a claim the white house denies, spokesman jay carney. >> let's just be clear. there is one party to these negotiations who has put forward...
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you got to love former president bill clinton, interesting words on the fiscal cliff. in an event in sacramento, the president declared the whole standoff between president obama and the republicans as, quote, just a kabooky dance, two dogs that meet each other over a piece of meet, sniffing each other out, and moving towards a deal. with that elegance in mind,d, we welcome author of "the amateur," best selling author we have to say. friction here. that's not a helpful thing to say. i mean, he's not talking higher taxes, but dog sniffing which probably does -- may not offend the participants, i don't know. there's a little problem between the white house and mr. clinton. >> before i came on your show tonight, i spoke with sources who e very close to bill and hillary clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give
you got to love former president bill clinton, interesting words on the fiscal cliff. in an event in sacramento, the president declared the whole standoff between president obama and the republicans as, quote, just a kabooky dance, two dogs that meet each other over a piece of meet, sniffing each other out, and moving towards a deal. with that elegance in mind,d, we welcome author of "the amateur," best selling author we have to say. friction here. that's not a helpful thing to say. i...
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. >> could a secret meeting seal the deal when it come to the fiscal cliff? the white house says it can happen. >> president obama and speaker boehner sit down at the white house. >> their first one on one in three weeks. >> the heavy lifting is going to have to happen this week. >> if this week goes bad -- >> this week is going to be a critical week. >> even if the speaker and president are cuddling in the lincoln bedroom -- >> i think everybody needs to cool their jets. >> that's not going to get us a deal. >> raising taxes will hurt the economy. >> your stuff stinks. we don't want it. >> if anybody out there who is, quote, rich doesn't think that their taxes go up, drink are on me. >> republicans are totally over the barrel. >> raising tax rates will hurt the economy. >> we'll push it all the way to the senate and then we'll lose. >>> with 22 days until we take that first step off the fiscal curb, president obama traveled to michigan to keep the pressure on republicans in congress. >> if congress doesn't act soon, meaning in the next few weeks, starting on
. >> could a secret meeting seal the deal when it come to the fiscal cliff? the white house says it can happen. >> president obama and speaker boehner sit down at the white house. >> their first one on one in three weeks. >> the heavy lifting is going to have to happen this week. >> if this week goes bad -- >> this week is going to be a critical week. >> even if the speaker and president are cuddling in the lincoln bedroom -- >> i think everybody...
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cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if you do it on a year basis which is about $110 billion. whatever we come up with as part of an agreement should certainly be able to offset at very least the first year of the sequester. onyou can't get an agreement all the issues, including the tax piece, could you come up with a smaller package to avoid the sequester? of course, that is possible but i don't know how likely. we could do that quickly if people were willing to put together a package of $110 billion in both revenue and cuts to replace the sequester
cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if...
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republican party that would rather go over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences between them are much greater. the speaker is a little weaker than gingrich was before. the world has changed completely since 1995. guest: i would point out all the focus is on the house. how are you going to get it through the senate? mitch mcconnell is in a tough position. harry reid, he has some people who loves his job. he would like to be along with the progressives. i look at this and i worry because in the camp that believes going over the cliff -- the united states will enter a new recession. i do not see the basic associations on the house and senate side that
republican party that would rather go over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences...
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we have all the conversations about hundreds of billions and cutting from medicare to deal with the fiscal cliff right now but your point is, if we can get the cost of health care under control we don't need to cut anything right now and there are actually you're saying pilot programs in place thanks to the affordable care act aimed to cut the cost of health care. can you get in to the programs are and how much promise they hold for over the next few years bringing that cost down? >> sure. i mean, you know, it's funny. there's a myth out there that affordable care act, obama care, maybe insurance to a lot of people and didn't do anything about costs. nothing could be further from the truth. it took a lot of money out of health care costs. some of it cutting corporate waste. spending less money to pay private insurance companies offering alternative coverage to medicare patients and a lot of it is pilot programs, experim t experiments. we have lots of ideas for reducing the cost of health care. an example, you know, what if we told hospitals, if you don't run a clean hospital and patients a
we have all the conversations about hundreds of billions and cutting from medicare to deal with the fiscal cliff right now but your point is, if we can get the cost of health care under control we don't need to cut anything right now and there are actually you're saying pilot programs in place thanks to the affordable care act aimed to cut the cost of health care. can you get in to the programs are and how much promise they hold for over the next few years bringing that cost down? >>...
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cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those type. those types are coming on to me all the time now. >>> she get's the comedians laughing... >>>that hilarious. >>>and the thinkers thinking. joy>>>okay so. there's wiggle room in the ten commandments is what you're telling me? >>she's joy behar. joy>>>and the best part is that current will let me say anything. what the hell were they thinking? >>>> only on current tv. brought to you by geico 15 minutes can s
cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended...
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cliff. how would you describe your temperature, your feeling that there will be some kind of accommodation and a deal even on the tax and spending and sequester side or both? >> good morning. glad to be with you and give you my perspective on where we are. to the beginning of your question, i often say one i am giving remarks that -- people in the same group, no matter how ponce and they are, people -- no matter how partis and they are, people will say two things. i want you to go to washington and stand on your principal. i want you to fight for us. i say, i will. someone else will get up and say, i want you to compromise and find the middle ground and get things done. this is the 10th time this just happen to me. i say, that is exactly what they hired me to do, to figure out how we do both of those things. it is our job as representatives in congress, to fight for our values and the principles we believe in and still can something done. that is where we are right now. the divide we are fac
cliff. how would you describe your temperature, your feeling that there will be some kind of accommodation and a deal even on the tax and spending and sequester side or both? >> good morning. glad to be with you and give you my perspective on where we are. to the beginning of your question, i often say one i am giving remarks that -- people in the same group, no matter how ponce and they are, people -- no matter how partis and they are, people will say two things. i want you to go to...
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do avoid the self-imposed fiscal cliff? >> you used one word in your remark. self. civillish will become the essence. the horrible part, they will think it's an advantage to them. president will think it's advantage to him and it will be chaos. $7.2 million floating around. between now and december 31. go too far. throw it in recession. do too little, throw it in recession. at some point, a group of people you and i have never heard of called the markets will step in and say you guys are jerks. dysfunctional. you can't move. you are insent. silly. stupid. but you love money because you owe $16 trillion of it. you borrow, overborrow what comes in and goes out. we want more money for our money. the gu screwed is the -- the guy screwed is the little guy. who is kidding who? >> i don't think a lot of people are dancing if that happens. but we enjoyed you, watching you. >> i didn't enjoy it. but it was fun. it hurt my knee. >> bret: senator simpson, thank you for coming in today. >> thank you, bret. >> so will simpson's appeal d
do avoid the self-imposed fiscal cliff? >> you used one word in your remark. self. civillish will become the essence. the horrible part, they will think it's an advantage to them. president will think it's advantage to him and it will be chaos. $7.2 million floating around. between now and december 31. go too far. throw it in recession. do too little, throw it in recession. at some point, a group of people you and i have never heard of called the markets will step in and say you guys are...
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what he thinks would be a fair deal for both sides in the fkz negotiati fiscal cliff. also, rana foroohar joins the table. keep it right here on "morning joe." [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. of the most highly recommended bed in america. the tempur-
what he thinks would be a fair deal for both sides in the fkz negotiati fiscal cliff. also, rana foroohar joins the table. keep it right here on "morning joe." [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer...